railway RRB JE (CBT I + CBT II) Mock Test 2024 Quantitative Aptitude Interest Simple and Compound Both
The difference between the compound interest, compounding annually and the simple interest accrued on an amount of Rs. 18,000 in 2 years was Rs. 720. What was the rate of interest per annum?
1
25%
2
15%
3
20%
4
10%